Enhancing Belize's Shrimp Industry Through Clustering Strategies

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Belize's shrimp industry is a vital part of its economy, facing challenges in scaling production for exports. Emphasizing quality and identifying competitive advantages are key, along with capitalizing on niche markets and seeking certification. Clustering strategies can help firms collaborate, share resources, and tackle market challenges effectively, preparing for both current and post-pandemic scenarios.

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  1. BELIZES SHRIMP INDUSTRY The Value of a Clustering Strategy

  2. Shrimp Farming in Belize The Shrimp Industry in Belize is comprised of - Five (5) Hatcheries - Thirteen (13) Farms - Three (3) Processing Plants - The Industry is fully vertically integrated from maturation to value- added processing - Belize s shrimp has penetrated export markets all over the world including: Spain, Italy, Portugal, France, Canada, the USA, Mexico, Guatemala, Jamaica, Trinidad, Barbados, just to name a few

  3. The Challenge We Face in Belize: How do we Successfully Develop and Sustain an Export Base in The Absence of Scale? Scale Does Matter Belize s production is dwarfed by all of the regional producers; But Scale is Not the Only Consideration: A) Consistent quality is highly valued; B) Niche markets do exist for a certified product

  4. Capitalizing on the Opportunity! Identify your Competitive Advantage Working together makes a difference. Our fortunes are inextricably tied; Compete Caribbean s Intervention can Make a Material Difference Access to Certification under Aquaculture Stewardship Council (ASC)

  5. Key Take-Aways from our Clustering Experience Agree on the Industry s/Cluster priorities (Resources are limited); Recognize that our real competition is not internal but external (share technology with each other); Clustering will better prepare the firms for some of the fundamental current and post-pandemic market challenges. 1) 2) 3)

  6. Thankyou! Thank you!

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